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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
New Mitie (MTO) chief executive Phil Bentley loaded up on £3.6m shares in the beleaguered outsourcer at 194p – and has already made a £200,000 paper profit on the deal.
Bentley replaces Ruby McGregor-Smith, who was in charge since March 2007, after a profit warning wiped 30% off the facilities management company’s share price earlier this year.
Investors are concerned about pressure from a higher minimum wage and delays on contract awards as customers mull economic uncertainty. Rival Interserve (IRV) is also struggling for similar reasons.
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Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.